3 (1) Subject to subsection (2) and section 4, interest is payable on a contribution calculated in respect of each quarter in each fiscal year as of the last day of June, September, December and March at the rate of one per cent of the amount of the contribution on deposit.
(2) Interest is payable, pursuant to subsection (1), from the first day of the first quarter commencing after the contribution was paid into the Superannuation Account until the last day of the quarter immediately preceding the day the contribution is paid out of that Account.
